Southern Africa business news from South Africa, Zambia, Zimbabwe, Botswana, Namibia, Mozambique and the SADC region.
The Johannesburg Stock Exchange (JSE) on Wednesday afternoon issued a note to traders stating that trading had been halted as a result of “intermittent disconnects across all markets and services.” …
On Tuesday, it was announced that Cell C lenders have voted in favor of a compromise cash out offer of 20c for every R1 of debt, bringing the company’s recapitalization …
Last week, Spur launched the very first RocoMamas drive-through outlet opened in South Africa last week, giving the corporation another boost in its efforts to expand its quick service offerings. …
The Salungano Group, formerly Wescoal, reported improved annual results thanks to good returns from coal as the company grew its supply to Eskom and also secured its very first export …
South Africa’s pivotal steel sector will get some much-needed attention at the Steel and Engineering Federation of Southern Africa’s (SEIFSA’s) Mainstreaming the Steel Master Plan Conference to be held in …
Futuregrowth Asset Management, a South African fixed-income money manager with R193 billion of assets, is raising a fund to invest in startups with a strong developmental impact. The company aims …
FNB customers have been left stranded and frustrated as the bank’s online systems were down for hours. Customers could not process any transactions on the bank’s app and online banking. …
On Thursday, Seplat Energy announced its appointment of a new chief operating officer and executive director in person of Samson Chibogwu Ezugworie with effect from July 1. Mr. Ezugworie has …
Local automotive subsidiary Mercedes-Benz South Africa (MBSA) has launched a photovoltaic (PV) technology pilot project at its East London plant. It says 360-kilowatt peak (KWp) solar panels were installed on …
Exxaro Resources, one of Eskom’s largest coal suppliers, is expecting the export price of coal to increase by almost 80% in the first half of the year. But poor rail …
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